If you’re already an ANF stock holder, you likely agree with the sentiment.

Michael Jeffries, who took over in 1988 to put a spark into Abercrombie & Fitch, has led the teen-focused retailer on a roller-coaster ride ever since ANF stock hit the markets in September 1996. Abercrombie stock, which priced at $16, reached as high as $84 and change during its pre-crisis heyday.

However, ANF stock currently sits at $36 — a far cry from its high-water mark. More importantly, that represents a 50%-plus drop for Abercrombie stock since 2011 against a broader market that has climbed 34% in that time.

Engaged Capital, which currently sits on 400,000 shares of ANF stock, wrote a letter to the Abercrombie & Fitch board calling for Jeffries’ ouster. The letter claimed that the retailer’s “perennial underperformance is a result of failure of leadership” and that Jeffries should be booted when his contract expires Feb. 1.

Michael Jeffries – Just Another Problem for ANF Stock

The proof is more or less in the ANF stock pudding. Abercrombie & Fitch shares have been halved in two years and are down 25% year-to-date. Meanwhile, the ability of Michael Jeffries to make headlines has been relegated to his bizarre and often polarizing public remarks.

Most notably, Michael Jeffries came under fire when comments from a 2006 Salon interview were dredged up by Business Insider. Jeffries said they “want to market to cool, good-looking people. We don’t market to anyone other than that.” The renewed media outrage caused ANF to backpedal and begin offering plus sizes.

“Are we exclusionary? Absolutely. Those companies that are in trouble are trying to target everybody: young, old, fat, skinny. But then you become totally vanilla.”

And …

“You don’t alienate anybody, but you don’t excite anybody, either.”

Couple that warm demeanor with flat-out awful performance, and you’ve got a recipe for a coup.

ANF stock tanked in August after the company badly missed second-quarter earnings expectations. Abercrombie & Fitch earnings fell 20% to 16 cents per share. That was well short of Zacks estimates of 28 cents and sent Abercrombie stock into a fitting 20% tailspin.

Then, at the beginning of November, ANF announced that its same-store sales dropped by 14%, marking the seventh consecutive period in which Abercrombie & Fitch comps were in the red. That news was coupled with a cut in full-year earnings guidance, and the announcement that ANF would be closing its Gilly Hicks lingerie stores. All that conspired to cause another dip in ANF stock.

Later that same month, Abercrombie & Fitch also reported a Q3 earnings miss.

ANF stock has hardly been the only teen retailing casualty. Rivals Aeropostale (ARO) and American Eagle (AEO) are similarly poor this year, at -25% and -20% returns YTD, respectively.

But while none of the three seem to have answers about how to bounce off the mat, only one of them has a CEO that openly appears to do more harm than good.